Citation
(2009), "SKion GmbH offer for acquisition of ALTANA shares", Pigment & Resin Technology, Vol. 38 No. 2. https://doi.org/10.1108/prt.2009.12938bab.025
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited
SKion GmbH offer for acquisition of ALTANA shares
Article Type: Industry news From: Pigment & Resin Technology, Volume 38, Issue 2
According to ALTANA AG, SKion GmbH informed the company about its decision to make an offer for the acquisition of shares in ALTANA AG and that they have published this decision today according to § 10 Section 1 of the Securities Acquisition and Takeover Act (German Wertpapiererwerbs- und Übernahmegesetz “WpÜG”).
SKion GmbH is currently holding 70.3 million of the 140.4 million shares of ALTANA AG, corresponding to 50.1 percent of the total share capital. Susanne Klatten is the sole shareholder of SKion GmbH. She is also acting as Vice Chairwoman of the Supervisory Board of ALTANA AG.
“Over the past years, Ms. Klatten has accompanied the development of ALTANA AG in an engaged and entrepreneurial way. We regard Ms. Klatten, respectively, SKion GmbH as being an investor having a strong interest in the long-term success of the company,” said Dr Matthias L. Wolfgruber, CEO of ALTANA AG. “We are therefore open to the acquisition offer by SKion GmbH.”
The Management Board and the Supervisory Board of ALTANA AG will thoroughly examine, and comment on, the acquisition offer upon publication of the offer document.